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Sports News of Saturday, 2 August 2014

Source: footy-ghana.com

GFA to receive $8million World Cup money next week

The Ghana Football Association could receive an expected $8million World Cup revenue next week as FIFA begins the distribution of prize moneys to the 32 countries who participated in the 2014 Brazil competition, FootyGhana sources at the corridors of the country’s football headquarters indicate.

Ghana’s Black Stars were eliminated at the group stages and thus automatically earn the $8million amount just like 15 other nations who could not make the Round of 16.

The Ghana FA is expected to return to government chest, half of the amount it sponsored on credit to foot the appearance fees bills of the entire Black Stars contingent to Brazil.

In the past few days, the Ghana FA has been deliberating on plans to judiciously use the remaining $4million into development of football in the country. The subject was also discussed at Thursday's meeting of the Executive Committee.

Meanwhile, Ghana Premier League side Aduana Stars’ close to $30,000 gain from goalkeeper Stephen Adams’ inclusion in Ghana’s final World Cup squad could arrive alongside the World Cup prize money next week.